New contribution rates (in bold font) are presented in the charts below and reflect the effective dates for each retirement system. Some rate changes are effective July 1, 2008, and others start September 1, 2008. These changes are the result of increases in the basic employer and member rates adopted by the Pension Funding Council and pension bills passed during the 2007 and 2008 legislative sessions.
Members can access the new rates on the DRS Member site under Hot Topics.
| Contribution Rates Effective July 1, 2008 (Employer rates include 0.16% DRS administrative expense rate) |
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|---|---|---|---|---|
| Plan 1 | Plan 2 | |||
Public Employees’ Retirement System (PERS) |
Percent | Rate | Percent | Rate |
| Member Contribution Rate | 6.00% | 0.0600 | 5.45% | 0.0545 |
| Employer Contribution Rate | 8.31% | 0.0831 | 8.31%* | 0.0831* |
| PERS State Government Elected Officials | ||||
| Member Contribution Rate | 7.50% | 0.0750 | 5.45% | 0.0545 |
| Employer Contribution Rate | 12.39% | 0.1239 | 8.31%* | 0.0831* |
| PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges | ||||
| Member Contribution Rate | 9.76% | 0.0976 | 11.13% | 0.1113 |
| Employer Contribution Rate | 10.81% | 0.1081 | 10.81%* | 0.1081* |
| PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges | ||||
| Member Contribution Rate | 12.26% | 0.1226 | 13.63% | 0.1363 |
| Employer Contribution Rate | 8.31% | 0.0831 | 8.31%* | 0.0831* |
Law Enforcement Officers’ and Fire Fighters’ Retirement System (LEOFF) |
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| Cities, Counties, Fire Districts, etc. | ||||
| Member Contribution Rate | 0.00% | 0.0000 | 8.83% | 0.0883 |
| Employer Contribution Rate | 0.16% | 0.0016 | 5.46% | 0.0546 |
| State Contribution Rate | 0.00% | 0.0000 | 3.53% | 0.0353 |
| Ports and Universities | ||||
| Member Contribution Rate | NA | NA | 8.83% | 0.0883 |
| Employer Contribution Rate | NA | NA | 8.99% | 0.0899 |
Public Safety Employees' Retirement System (PSERS) |
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| Member Contribution Rate | NA | NA | 6.57% | 0.0657 |
| Employer Contribution Rate | NA | NA | 9.43% | 0.0943 |
Washington State Patrol Retirement System (WSPRS) |
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| Member Contribution Rate | 6.65% | 0.0665 | 6.65% | 0.0665 |
| Employer Contribution Rate | 7.86% | 0.0786 | 7.86% | 0.0793 |
*Employer rates for Plan 3 are the same as for Plan 2.
| Contribution Rates Effective September 1, 2008 (Employer rates include 0.16% DRS administrative expense rate) |
||||
|---|---|---|---|---|
| Plan 1 | Plan 2 | |||
Teachers' Retirement System (TRS) |
Percent | Rate | Percent | Rate |
| Member Contribution Rate | 6.00% | 0.0600 | 4.26% | 0.0426 |
| Employer Contribution Rate | 8.46% | 0.0846 | 8.46%* | 0.0846* |
| TRS State Government Elected Officials | ||||
| Member Contribution Rate | 7.50% | 0.0750 | 4.26% | 0.0426 |
| Employer Contribution Rate | 8.46% | 0.0846 | 8.46%* | 0.0846* | TRS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges |
| Member Contribution Rate | 9.76% | 0.0976 | NA | NA |
| Employer Contribution Rate | 8.46% | 0.0846 | NA | NA |
School Employees' Retirement System (SERS) |
||||
| Member Contribution Rate | NA | NA | 4.68% | 0.0468 |
| Employer Contribution Rate | NA | NA | 7.54%* | 0.0754* |
*Employer rates for Plan 3 are the same as for Plan 2.
If you have any questions regarding this DRS Notice, please contact Employer Support Services at (360) 664-7200, option 2, or 1-800-547-6657, option 6, option 2; or email us.